Search results

Thanks Pete. I am bit curious about Marty's comment here that by parking settlement funds in offset account (Brand new) potentially loses the link between borrowed funds and the investment purpose. "Nexus". Is there any specific ATO guideline on how long this arrangement can be in place without...

Marty, IO loan where lender allows on settlement money to be sitting in loan account (i.e. redraw). Isn't paying the money back into redraw is paying off the loan.. I thought money accessed via redraw is new beginning..... Also, regardless you pay off the loan on settlement, only some...